Companies
Asset management chiefs share six industry concerns for 2018
The asset and wealth management industry is about to usher in a period of disruption, with cyber security threats a big concern, chief executives across the sector have warned.
‘Free-riding’ passive investors under central bank scrutiny
Passive investors pay scant regard to the fundamentals of individual securities and free-ride on the work of active investors with implications for financial stability, price discovery and index correlation, according to a paper from the Bank of International Settlements.
Old Mutual hit with US lawsuit
South Africa-headquartered Old Mutual has confirmed it is facing a legal claim related to “pre-existing plc head office legacy items relating to previously disposed US assets”.
DeVere chief: ‘STM was the best of a bad bunch’
DeVere founder and chief executive Nigel Green said he bought a 24% stake in financial services group STM after struggling to find a good European provider to invest in, referring to the company as the “best of a bad bunch”.
Deutsche Bank eyes €1.8bn asset management IPO
Deutsche Bank has set a price of €7.2bn (£6.4bn, $8.9bn) on its asset management arm, DWS, as it details the price per share for its partial listing on the subsidiary.